Heritage Affordable Communities

heritageaffordable.com/leadership

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Heritage Affordable Communities portfolio

$17.4 million* – elevator 100%; Bronx 85%, Manhattan 14%

1904th largest portfolio by dollar value

402,482 sqft – elevator 100%;

730th largest by SF

6 properties – Bronx 83%, Manhattan 16%

1350th largest

406 residential units – Bronx 92%, Manhattan 7%

515th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $8 million

Top Ten Associated Companies:

Richard Olson (1), NYC Housing Development Corporation (1), Berkadia Commercial Mortgage (1), Comunilife (1), MacQuesten Companies (1), Greystone & Co. (1)

Top Ten Associated People:

Richard Olson (1), Ruth Moreira (1), Emma Robinson (1), Michael O’Donnell (1), Rella Fogliano (1)

Recent activity as company:

• Comunilife sold 2130 Crotona Avenue, 950 Jennings Street, and 2111 Hughes Avenue, Belmont/Little Italy, Bronx for $8 million to Heritage Affordable Communities on May 13, 2024.

• Heritage Affordable Communities borrowed $7.3 million from NYC Housing Development Corporation for 246 West 116th Street, Harlem, Manhattan on June 01, 2022.

• Richard Olson sold 246 West 116th Street, Harlem, Manhattan for $6.3 million to Heritage Affordable Communities on June 01, 2022.

• MacQuesten Companies sold 2120 Hughes Avenue, Tremont, Bronx for $8.2 million to Heritage Affordable Communities on September 13, 2021.

• Heritage Affordable Communities borrowed $5.1 million from Greystone & Co. for 2120 Hughes Avenue, Tremont, Bronx on September 13, 2021.

• Heritage Affordable Communities borrowed $7.3 million from Berkadia Commercial Mortgage for 1971 Webster Avenue, Fordham, Bronx on January 25, 2021.